Vizrt will give face to Russia Today
New Russian News Channel is set to launch in 2005
Bergen, Norway, June 13, 2005. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announced today, that it has received an order worth several hundred thousand US-Dollar in order to equip the new channel Russia Today. The contract is the largest Vizrt has reached in Russia so far, with Russia Today adding to Vizrt's customers in Russia.
The new station will be build up from scratch and is set to launch towards the end of this year. Vizrt will deliver the main graphic solution and thus be responsible for the look of the channel. Components will include a complete suit of real time graphics and content management solutions, such as Viz|Engine, Viz|Artist, Viz|Content Pilot and Viz|Maps.
Russia Today will be the first English-speaking 24 hours channel to broadcast from Russia and it will be receivable worldwide via satellite. The nation-owned station shall provide news and comments from a Russian perspective as well as giving inside views of Russian life.
Bjarne Berg, President and CEO, commented: "We are very happy to strengthen our hold in Russia and we are very optimistic that this important deal will be a break through for us in the whole CIS region. These countries are very important markets and Russia Today is a very prestigious project. It will enable us to draw attention and demonstrate the capabilities of our products, as Russia Today is going to set the standard for news television in the Russian speaking world."
About Vizrt:
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154). Vizrt is the world's leading provider of real-time 2D and true 3D broadcast graphics. The company's software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, weather data integration, virtual sports analysis, information display and virtual effects.
All Vizrt's graphics products are powered by a single core renderer, the unique and powerful Viz|Engine. Vizrt's graphics solution goes beyond the visual aspect and includes-- highly customized user interfaces for the designer, operator, journalist and engineer.
The world's leading broadcasters, such as CNN, CBS, BBC, Sky, ITN, ZDF, Star TV, TV Today and NHK, use Vizrt's solutions in conventional digital and high definition content delivery. Production houses and corporate institutions, including the New York Stock Exchange, are Vizrt customers.
| Bjarne Berg | Ofra Brown | SCHWARZ Financial Communication |
| President CEO | CFO | Frank Schwarz |
| +47 9055 7711 | +972 54 4955225 | +49 611 2058 095 |
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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